Basepoint Wealth LLC Cuts Stock Holdings in Sprott Physical Silver Trust $PSLV

Basepoint Wealth LLC lessened its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 2.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,620,422 shares of the exchange traded fund’s stock after selling 44,641 shares during the quarter. Sprott Physical Silver Trust comprises approximately 18.0% of Basepoint Wealth LLC’s holdings, making the stock its 2nd largest position. Basepoint Wealth LLC owned approximately 0.28% of Sprott Physical Silver Trust worth $25,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wakefield Asset Management LLLP boosted its holdings in shares of Sprott Physical Silver Trust by 18.6% in the third quarter. Wakefield Asset Management LLLP now owns 97,016 shares of the exchange traded fund’s stock valued at $1,523,000 after acquiring an additional 15,236 shares in the last quarter. Franklin Resources Inc. bought a new stake in Sprott Physical Silver Trust during the third quarter worth approximately $39,000. Promus Capital LLC acquired a new stake in Sprott Physical Silver Trust in the third quarter worth approximately $188,000. Private Advisor Group LLC lifted its position in Sprott Physical Silver Trust by 5.7% in the third quarter. Private Advisor Group LLC now owns 337,813 shares of the exchange traded fund’s stock worth $5,304,000 after purchasing an additional 18,115 shares during the period. Finally, Blair William & Co. IL boosted its stake in Sprott Physical Silver Trust by 7.6% during the 3rd quarter. Blair William & Co. IL now owns 62,602 shares of the exchange traded fund’s stock valued at $983,000 after purchasing an additional 4,436 shares in the last quarter.

Sprott Physical Silver Trust Trading Down 2.5%

Shares of PSLV stock opened at $28.12 on Thursday. Sprott Physical Silver Trust has a 1 year low of $9.97 and a 1 year high of $38.13. The business’s fifty day moving average is $28.16 and its 200-day moving average is $21.01.

Sprott Physical Silver Trust Profile

Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.